How U.S. Climate Plan Can Follow China and Europe—Or Not
View on National Geographic website“It’s not transparent how the caps are set or adjusted” and very few trades have occurred so far, says Clayton Munnings, who’s studied China’s carbon trading as a research associate for Resources for the Future, a think tank. He says it’s too early to tell what impact they’ll have, especially since China is taking other steps to reduce its air pollution, or what the national program will look like.
Still, he says China has “revitalized cap and trade,” and if it succeeds, “it will open the door for more countries in Asia and other non-market economies.”
